The Fair Share Report
116 Pine St
Wharton, NJ 07885
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $379,157 – $534,492, from 12 comparable Wharton sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Wharton assessments sit below market value — republished every October, applied town-wide. A $511,750 home should be assessed near $473,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,164 below what the ratio math suggests (17.4%).
Step 4 · The tax rate — same for every Wharton home
$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%
This home's own bill implies $2.485 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wharton sale · assessed ÷ market
63%109%
Paying about right
This home's ratio lands inside Wharton's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 152 PRINCETON AVE | 2025-03 | $575,000 | 1,600 | 62.3% |
| 66 W CENTRAL AVE | 2025-04 | $530,000 | 1,340 | 75.8% |
| 104 E CENTRAL AVE | 2026-05 | $474,000 | 1,512 | 69.9% |
| 14 OAK LN | 2026-03 | $535,000 | 1,436 | 74.4% |
| 34 W DEWEY AVE | 2025-03 | $515,000 | 1,854 | 85.2% |
| 20 E CLARENCE ST | 2025-03 | $525,000 | 1,454 | 79.6% |
| 40 IRONDALE RD | 2025-01 | $451,000 | 1,471 | 85.8% |
| 528 UPPER WAY | 2025-06 | $408,000 | 1,454 | 90.9% |
| 24165 WEST VIEW | 2025-06 | $330,000 | 1,473 | 113.4% |
| 12 ATLANTA PL | 2025-02 | $505,000 | 1,366 | 83.8% |
| 160 E CENTRAL AVE | 2025-01 | $500,000 | 1,366 | 84.7% |
| 9 KITCHELL AVE | 2025-04 | $450,000 | 1,593 | 88.3% |
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